Broadcom(AVGO)
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Will Broadcom Stock Soar After Its 10-for-1 Stock Split? Here's What History Shows.
The Motley Fool· 2024-07-13 09:50
History isn't necessarily a great guide for investors with Broadcom's recent stock split.You'll see what appears to be a huge decline in Broadcom's (AVGO -0.31%) share price when the stock market opens for trading on Monday, but don't be alarmed. The giant semiconductor maker conducted a 10-for-1 stock split following the market close on July 12. The "decline" for Broadcom will be the equivalent of dividing one piece of pizza into 10 slices. The slices are smaller, but there's just as much pizza to enjoy.Wi ...
Broadcom Inc. (AVGO) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-07-12 22:51
Broadcom Inc. (AVGO) ended the recent trading session at $1,700.67, demonstrating a -0.31% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.55% for the day. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.63%.Coming into today, shares of the chipmaker had gained 1.61% in the past month. In that same time, the Computer and Technology sector gained 5.73%, while the S&P 500 gained 4.28%.The investment commun ...
The Next Trillion-Dollar Stocks? 3 Top Contenders to Buy Now
Investor Place· 2024-07-12 19:57
In the aftermath of Nvidia’s (NASDAQ:NVDA) historic trillion-dollar run, investors are scrambling to find the next potential trillion-dollar stocks to join the club. Quite a few contenders are nearing the mark regarding valuations, but the market cap isn’t everything. Investors looking for the next trillion-dollar stocks might have to look for more than that. I suggest checking analysts’ ratings — specifically, stocks nearing the trillion-dollar mark with Wall Street’s seal of approval. So, today, let’s loo ...
Why Is Broadcom Inc. (AVGO) Up 1.6% Since Last Earnings Report?
ZACKS· 2024-07-12 16:32
It has been about a month since the last earnings report for Broadcom Inc. (AVGO) . Shares have added about 1.6% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Broadcom Inc. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Broadcom Q2 Earnings Beat Estimates, Reve ...
Analyst revises Broadcom price targets ahead of stock split
Finbold· 2024-07-12 11:00
The ongoing artificial intelligence (AI) rally in the stock market has made companies such as Broadcom (NASDAQ: AVGO) real winners in terms of performance, guidance, and stock growth. Broadcom stock received a significant price-target hike on July 11 from Rosenblatt Securities analyst Hans Mosesmann, who foresees the chipmaker and infrastructure software provider benefiting greatly from the ongoing artificial intelligence trend.Mosesmann reiterated his buy rating on Broadcom stock and raised his 12-month p ...
Broadcom Stock's 10-for-1 Split: The Next Big Move in the AI Revolution
Investor Place· 2024-07-12 10:00
With its share price up 60% this year, chipmaker Broadcom (NASDAQ:AVGO) is a growth stock that every investor should own.While it doesn’t get nearly as much attention as other microchip and semiconductor companies such as Nvidia (NASDAQ:NVDA), Broadcom stock has proven to be a long-term winner. In the past 12 months, AVGO stock has doubled. Over five years, the company’s share price has gained 511%. Yet even with its success this year, Broadcom is currently trading 5% below its 52-week high, and analysts se ...
Broadcom's 10-for-1 Stock Split Is Imminent: 10 Things You Need to Know
The Motley Fool· 2024-07-12 09:06
Networking solutions specialist Broadcom is set to complete is first-ever split and join an exclusive club of stock-split stocks in 2024.Although all eyes seem to be focused on anything and everything having to do with artificial intelligence (AI), one of Wall Street's hottest trends right now is companies enacting stock splits.A stock split is an event that allows a publicly traded company to change its outstanding share count and share price by the same magnitude. Since 2024 began, nearly a dozen high-pro ...
Broadcom's Stock Split Happens Today. Here's What it Means for You.
The Motley Fool· 2024-07-12 08:15
Broadcom and its investors are benefiting from the AI boom.At today's stock market close, Broadcom (AVGO -2.22%) will make a move to slash its high-flying share price. The technology giant will complete a 10-for-1 stock split, lowering the price of its stock from more than $1,700 to about $170. The stock will start trading at the new price as of the market open on Monday.Broadcom shares have soared nearly 100% in the past year as demand from artificial intelligence (AI) customers picked up -- in the recent ...
Get Ready: The Broadcom Stock Split Happens Tomorrow
Investor Place· 2024-07-11 18:19
Tomorrow marks the next big event of Stock Split Summer 2024. Tech sector conglomerate Broadcom (NASDAQ:AVGO) is preparing to enact a 10-for-1 stock split. After a year of impressive growth, this makes a lot of sense for the company, which has benefited significantly from the artificial intelligence (AI) gold rush that has overtaken markets over the past two years. Now, new investors will have the chance to buy into this high-growth tech leader once it begins trading on a split-adjusted basis. Broadcom’s de ...
Why AI Stocks Broadcom, Meta Platforms, and Intel Were Down Today
The Motley Fool· 2024-07-11 18:05
In a counter-intuitive move, great inflation news caused a tech sell-off. Here's why.Shares of most big tech names and AI beneficiaries, including Broadcom (AVGO -4.12%), Meta Platforms (META -4.84%), and Intel (INTC -4.32%) were down on Thursday, falling 3.1%, 3.8%, and 4.2%, respectively, as of 1 p.m. ET.The across-the-board declines in some AI winners could happen for any number of reasons, such as bad news on the AI investment front, or a marketwide pullback.But that's not what's happening today. In fac ...